Big Raises For For The Employees Of TARP Banks

June 24, 2009 · Posted in Helpful Mortgage Articles

There is just no end to the greed of the bankers. Even after we have given them nearly a trillion dollars and taken an ownership stake in them, we learn today that companies like CITI Are giving raises of up to 50% to their employees. Their explanation is that they must competitively compensate the best employees or they will leave. My question to them would be — “Where will they go?” It’s not like there is a hiring spree down on Wall Street. It’s a bogus argument and we should not stand for it.